The cryptocurrency market slid after the two biggest crypto exchanges, Binance and FTX, came to a merger agreement to fix a "liquidity crunch." ...
Crypto Billionaire Bankman-Fried Loses Entire Fortune in One Day
The 30-year-old billionaire was forced to sell his crypto firm empire on Nov. 8 to a major rival due to a cash crisis.
Japan’s carbon emissions management platform expands into Singapore
Japanese ClimateTech startup Asuene announced on Monday that ... announced on Wednesday that its IPO application to list on the Tokyo Stock Exchange had been approved. The company will be listed on ...
Tokyo stocks open higher with eyes on US midterm election
Tokyo stocks opened higher today with investors encouraged to buy after rallies on Wall Street as the US midterm elections dominate attention. The ... ( read original story ...)
Institutional investors see Japan as a real estate darling but have turned cold on China’s property market
Both Japan and China have kept interest rates relatively low, despite US rate increases, weakening their currencies, although Japan is favoured over China by investors. ( read original story ...)
Bitcoin briefly drops to a new low for the year, FTX token loses more than 75% in broad crypto sell-off
The cryptocurrency market slid after the two biggest crypto exchanges, Binance and FTX, came to a merger agreement to fix the latest "liquidity crunch." ...
Crypto Crash Intensifies Amid Downfall Of Industry’s ‘White Knight’ Bankman-Fried
Bitcoin fell 11% Tuesday to just over $18,000, its lowest price since November 2020, as investors reacted to liquidity issues at the one-time stalwart exchange FTX.
Proposed tie-up sends shockwaves through crypto markets
In an unexpected twist, the cryptocurrency exchange Binance said it is buying its smaller rival FTX after the firm faced a liquidity crisis that rattled digital assets and sparked contagion fears.
Crypto’s Biggest Day Ever Is Far From Its Best
Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. In today’s edition, Emily Nicolle recaps an incredible day in crypto: ...
Ahead Of His Crypto Firm’s Cash Crunch, Billionaire Sam Bankman-Fried Spent Tens Of Millions On Politics
The crypto billionaire and two of his deputies poured nearly $69 million into the 2022 midterm elections. That money may have been better spent shoring up his cryptocurrency exchange, which is now ...
Crypto billionaire Sam Bankman-Fried’s net worth could shrink by over $13 billion
CEO of crypto exchange FTX Sam Bankman-Fried announced he will sell his company to rival crypto exchange Binance.
Sam Bankman-Fried was the face of crypto in D.C. What would FTX’s acquisition mean for regulation?
As lawmakers in D.C. have debated legislation to regulate the crypto industry, they have turned to Sam Bankman-Fried, the 30-year-old founder of FTX known for an unruly mop of hair and a willingness ...
Japan’s current account surplus shrinks to $6.2 bil. in Sept.
Japan's current account surplus fell to 909.3 billion yen ($6.2 billion) in September, the Finance Ministry said Wednesday.
Japan manufacturers’ mood down amid weak yen, global risks – Reuters Tankan
Japanese manufacturing optimism dropped to a 22-month low in November, while the service-sector mood brightened to a three-year high, the Reuters Tankan poll showed, underscoring the fragility and ... ( read original story ...)
Japan’s economy faces headwinds amid low growth and weak yen
Japan appears to be facing an extended period of low growth and a weak yen as the U.S. Federal Reserve continues its aggressive monetary tightening amid soaring inflation. The government hopes a ... ( read original story ...)
Kin locked out of bankrupt Sapporo temple facility storing loved ones’ ashes
A temple operating a facility storing people's ashes has effectively gone bankrupt and its representative is missing, leaving the remains o ... ( read original story ...)